Angola Inflation June 2018

Angola

Angola: Inflation continues to ease in June

July 13, 2018

Consumer prices in the province of Luanda rose 1.16% in June month-on-month, unchanged from May’s increase. According to the National Statistical Institute (Instituto Nacional de Estadística), the increase was led by higher prices for food and non-alcoholic beverages, with prices for clothing and footwear, and miscellaneous goods and services also up from last month.

Inflation in the province of Luanda fell to 20.2% in June from May’s 20.7%, marking the eighth consecutive monthly decline and the lowest print in nearly two-and-a-half years. Annual average inflation also fell, to 24.9% in June from 25.9% in May, the lowest reading in nearly two years.

FocusEconomics Consensus Forecast panelists expect inflation of 24.1% in 2018, which is down 0.7 percentage points from last month’s projection. For 2019, the panel foresees inflation of 18.3%.


Author:, Economist

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Angola Inflation May 2018 0

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Statistical Institute (INE, Instituto Nacional de Estatística)


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